What They Say
Microdisplay maker Kopin Corp released its Q4 and full year results. Revenue was up 36% year on year to $40.1 million and Q4 was 60% up from a year ago. The company made a profit of $0.4 million, up from a loss of $2.9 million.
Defence purchases were key, and were up 112% in Q4 based on two production programmes — the display sub-assembly system for the FWS-I thermal weapon sight and displays for the F-35 Fighter jet. Industrial wearables were led by sales to RealWear Inc but public safety applications were down because of the impact of Covid on municipal budgets.
The firm said it is also on track to transition three more products, out of a dozen programs currently in development, to initial low-rate production, with revenues expected to begin ramping in the second half of this year.
What We Think
I don’t really watch stocks but couldn’t help noticing this big spike in Kopin’s stock price in the last couple of months. Ten years ago, the firm regularly made good profits, but in recent yeras, there have been solid losses so black ink was clearly welcome. (BR)
